Dear friends,
We need to to firstly know our purpose of existence, we as humans know that we are dependent people. We may have a thousand of Rupees or Dollars at hand but imagine a situation at hand where there is a flood or famine or a drought.
If you are a bread winner for the home, now your family depends on your income and assume that life and its uncertainty.
You may feel that you dont need insurance or you have enough of insurance . You can also feel that you have lots of property, cash in bank etc. God forbid a situation arises and you find yourself not around, imagine the grief your family can get into.
Property can get into family disputes, cash can get demonetized, inflation can rise.
now here is how you should invest.
a term plan from a renowned insurance player for eg. LIC
a saving / pension plan
a mediclaim complete family for the unforeseen expenses.
handy money for some emergencies.
a recurring deposit at a bank,
investment in Mutual funds, ULIP plans.
Always have a insurance that covers your family first, it can be at least 10-15 times of your annual income. regular investments in bank and other sources can come later.
you can get back to me incase you need any advise or consultation with regards to how you can plan your finances.
I will give you more information about various ways to secure your life, family and invest wisely.
